California regulators have taken their most aggressive enforcement action against an insurer in decades, filing legal proceedings against State Farm General Insurance Company that could result in millions of dollars in penalties and a suspension of the company's license to operate in the state for up to one year.

The California Department of Insurance is seeking to suspend State Farm's license and fine it millions of dollars alleging widespread mishandling of L.A. wildfire claims.

Depending on your car insurer, not all company earnings go to shareholders—some insurers pass money (called dividends) down to customers instead. This is exactly what State Farm is doing this summer,

California’s largest home insurance company tore into state regulators Monday as it faces potential multi-million dollar fines and a suspension of its license. “Wildfire survivors deserve real solutions — not a distorted picture of State Farm’s response.